FRANKFURT (dpa-AFX) – Slight price losses characterized the German stock market on Tuesday. On Tuesday, investors are eagerly awaiting the US Federal Reserve. “All the attention today will probably be on Fed Chairman Jerome Powell,” Landesbank Helaba wrote in a market outlook in the morning.
The Fed Chairman is facing a semi-annual hearing in the US Congress. Helaba predicts that there will probably be critical questions to the US central banker with regard to the still high inflation in the USA. In principle, however, the door is open for a first interest rate cut in the US, and the market is currently betting on such a move in September. For the rest of the week, the focus will therefore be on data on US consumer prices.
The Dax fell by 0.4 percent to 18,398 points in the first few minutes of trading. The index was unable to hold on to its initial gains at the start of the week.
The MDax of medium-sized…
